Southern Asia: Paper Bag Machine Market 2024

Paper Bag Machine Market Size in Southern Asia

The South Asian paper bag machine market contracted slightly to $X.5B in 2022, approximately reflecting the previous year. Overall, consumption, however, enjoyed a resilient increase. Over the period under review, the market attained the maximum level at $X.6B in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Paper Bag Machine Production in Southern Asia

In value terms, paper bag machine production declined modestly to $X in 2022 estimated in export price. In general, production, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X.8B in 2019; however, from 2020 to 2022, production remained at a lower figure.

Paper Bag Machine Exports

Exports in Southern Asia

In 2022, the amount of machines for making bags, sacks or envelopes of paper or paperboard exported in Southern Asia surged to X units, picking up by X% against the previous year. Overall, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, paper bag machine exports surged to $X in 2022. In general, exports saw a buoyant increase. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

India prevails in exports structure, reaching X units, which was approx. X% of total exports in 2022. It was distantly followed by Pakistan (X units), creating a X% share of total exports. Bangladesh (X units) held a minor share of total exports.

India was also the fastest-growing in terms of the machines for making bags, sacks or envelopes of paper or paperboard exports, with a CAGR of X% from 2012 to 2022. Bangladesh experienced a relatively flat trend pattern. Pakistan (X%) illustrated a downward trend over the same period. India (X p.p.) significantly strengthened its position in terms of the total exports, while Bangladesh and Pakistan saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, India ($X) remains the largest paper bag machine supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by Pakistan ($X), with a X% share of total exports.

In India, paper bag machine exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Pakistan (X% per year) and Bangladesh (X% per year).

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the export price continues to indicate a measured increase. The most prominent rate of growth was recorded in 2016 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per unit), while Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced a decline in the export price figures.

Paper Bag Machine Imports

Imports in Southern Asia

In 2022, paper bag machine imports in Southern Asia expanded notably to X units, growing by X% on 2021 figures. Overall, imports showed buoyant growth. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, paper bag machine imports skyrocketed to $X in 2022. Over the period under review, imports saw significant growth. The pace of growth was the most pronounced in 2017 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

India represented the main importer of machines for making bags, sacks or envelopes of paper or paperboard in Southern Asia, with the volume of imports reaching X units, which was approx. X% of total imports in 2022. Pakistan (X units) held the second position in the ranking, distantly followed by Bangladesh (X units). All these countries together held approx. X% share of total imports. Maldives (X units) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Pakistan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest paper bag machine importing markets in Southern Asia were India ($X), Pakistan ($X) and Bangladesh ($X), together accounting for X% of total imports. These countries were followed by Maldives, which accounted for a further X%.

In terms of the main importing countries, Maldives, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2022, surging by X% against the previous year. Import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, paper bag machine import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Pakistan ($X per unit), while Maldives ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Maldives (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :